Amongst all the trends of Information Technology, the Internet of Things (IoT) has grabbed the focus of almost all the IT leaders. But has this technology empowered humans? On the one hand, the IT executives predict a limitless potential for improving customer experience by deploying data volumes from the IoT sensors virtually placed everywhere and anywhere. One other hand, the business executives speak of concerns regarding how the data can be managed and organized and how these all-new endpoints can be made more secure.
IoT technology is facing a very rapid expansion and growth. Experts predict that this growth rate can range up to 25 percent per year for the upcoming several years. A recent report pointed out that the quantity of IoT devices would possibly increase to near about 20 billion globally by the year 2020.
One of the benefits of this IoT explosion is the caliber of the networked IoT devices to gear up human potential, given that the business enterprises are open for modifications of certain business operations and processes as IoT proliferates.
For instance, consider a metal manufacturer who leveraged IoT production sensors for addressing capacity constraints. Deploying sensors and obtaining data was easy. However, the factory employees on the floor were not making use of that data as much of it was very complex. So, IT simplified it by allowing the operators to realize when the production bottlenecks formed.
While the sensors would generate and transmit the data volumes, sophisticated platforms would then require managing, analyzing, and creating business-related insights from that data. These platforms would use Artificial Intelligence (AI), as the advancements in AI are bringing in convergence with the IoT trends. Many of the experts also believe that AI will soon become critical for IoT solutions.
**This post was published on https://diginomica.com